Question
1. Using RIA Checkpoint, answer this question and questions 2 15. Using the TOOLS function calculate the monthly payment on a $200,000 loan with an
1. Using RIA Checkpoint, answer this question and questions 2 15. Using the TOOLS function calculate the monthly payment on a $200,000 loan with an interest rate of 5% and a term of twenty years (rounded up).
a. $215,607.
b. $1,432.
c. $10.000.
d. None of the above.
2. Which paragraph of the Federal Tax Coordinator Analysis addresses the felony of counterfeiting stamps?
a. M-1200 .
b. G-1300.
c. V-3401.
d. S-1820.
3. Find the following case: 514 F. 3d 145. Using the citator button determine how many times the case was Cited Favorably by another court.
a. 1.
b. 2.
c. 3.
d. 4.
4. Find the Internal Revenue Code section that governs the basis of property inherited from a decedent. What is the code section?
a. IRC Section 1015.
b. IRC Section 302.
c. IRC Section 351.
d. IRC Section 1014.
5. Did the U.S. Supreme Court reverse of affirm the Court of Appeals in Badaracco v. Commissioner 464 US 386?
a. affirm.
b. reverse.
6. Locate the Revenue Ruling that addresses whether losses incurred from investing in fraudulent Ponzi schemes are considered capital losses or theft loses. Indicate the type of loss and the year in which the Revenue Ruling was issued.
a. capital, 2009.
b. capital, 2005.
c. theft, 2009.
d. theft, 2005.
7. Find the case with the following citation: 7 F. 3d. 774. Did the IRS issue an acquiescence or nonacquiescence?
a. Acquiescence.
b. Nonacquiescence.
8. What is the topic of Publication 970?
a. IRA Rollovers.
b. Selling Your Home.
c. Scholarships.
d. Gambling Winnings.
9. Locate a case where a woman who fostered feral cats was allowed to deduct her related expenses as charitable contributions. What was the name of the judge in this case?
a. Judge Cardoza.
b. Judge Simpson.
c. Jude Morrison.
d. Judge Donaldson.
10. Find a journal article written in the Journal of Taxation by Phillip N. Jones about the Mailbox Rule. When was the article published?
a. Nov 2008.
b. Sept 2009.
c. Nov 2005.
d. Nov 2011.
11. What will the following search retrieve: fraudulent return pre/7 criminal.
a. All documents with the phrase fraudulent return located within seven words of the word criminal in exact order.
b. All documents with the phrase fraudulent return located within seven words of the word criminal in any order.
c. All documents with the phrase fraudulent return located within seven sentences of the word criminal in exact order.
d. Only documents that contain the exact phrase: fraudulent return pre/7 criminal.
12. Find a case in which an attorney was denied a medical expense deduction for costs related to his visits to prostitutes. Identify the Docket No. of the case you found.
a. 13506-07.
b. 14785-07.
c. 20052-92.
d. 00-1249.
13. Is the Federal Tax Coordinator Analysis a primary source of law?
a. Yes.
b. No.
14. Which of the following is/(are) a citation for a U.S. Supreme Court case?
a. ___ US ____.
b. ___ S.Ct. ____.
c. ____L. Ed 2d ____.
d. all of the above.
15. The best search connector to use if you want to find documents containing variations of a keyword such as depreciation would be:
a. #.
b. ^.
c. ?.
d. *.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started